US futures are indicating a lower open today. European equity markets have opened with losses, following weaker levels in Asian markets. Market sentiment still impacted by unambiguously strong US payrolls. Bond yields higher and lofty equity valuations under scrutiny as US earnings season approaches. Long-end selloff also fueling discussions around rising term premia amid fiscal deficit concerns for US and UK, amid speculation of increased US corporate takeovers due to weak GBP.
Companies mentioned: Sage Therapeutics, Biogen (NASDAQ:BIIB), Intra-Cellular Therapies, Johnson & Johnson (NYSE:JNJ), Nippon Steel, United States Steel